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What will be the treatement of " liability for workmen compensation to the extent of Rs 750 is to be created" in Revaluation account if workmen compensation reserve is given Rs 12000 in balance sheet

Posted by Seema Jain 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Kaushik Nagarajan 5 years, 3 months ago

Settle the claim to the extent of Rs. 750 and distribute the remaining amount of Rs.11250 among the partners in the credit side of their capital account

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